Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

[ChartBuddy]

[ChartBuddy]

[gandhibt]

The frequency of the buys have been the same some time, but now bullets seem to be running out?

This is from 2h chart. 140 broke down, what's going to happen next?

[MickeyT2008]

The frequency of the buys have been the same some time, but now bullets seem to be running out?

This is from 2h chart. 140 broke down, what's going to happen next?

Possibly a lot of selling into the weekend dip, followed by a lot of regret when the next whale buy in happens.  Of course it could go either way though.  The longer term trend is definitely upwards, but as we all know past performance often means very little in this game.

[WeltMaster]

So many N thousand dollar buys at $140+ with no major price rise.

I think we've seen the top for a few weeks at least.

Then again for the hundredth time in this bull run the whales have fucked my theories.

Still holding for the longest time but got loads of cash waiting for a big drop.

[ChartBuddy]

[S3052]

The frequency of the buys have been the same some time, but now bullets seem to be running out?

This is from 2h chart. 140 broke down, what's going to happen next?

Possibly a lot of selling into the weekend dip, followed by a lot of regret when the next whale buy in happens.  Of course it could go either way though.  The longer term trend is definitely upwards, but as we all know past performance often means very little in this game.

it seems that the market is falling on its own weight. and the manipulation to keep the price at 140+ is not very successful

[N12]

After Falkvinge, now it's you who succumbs to the manipulation tale? If there is manipulation, I would see it from MtGox considering they have been distorting this market for months now.

[prophetx]

The frequency of the buys have been the same some time, but now bullets seem to be running out?

This is from 2h chart. 140 broke down, what's going to happen next?

Possibly a lot of selling into the weekend dip, followed by a lot of regret when the next whale buy in happens.  Of course it could go either way though.  The longer term trend is definitely upwards, but as we all know past performance often means very little in this game.

it seems that the market is falling on its own weight. and the manipulation to keep the price at 140+ is not very successful

how do you know that there is only one entity manipulating the market?  maybe they are all taking turns with the market?

[S3052]

The frequency of the buys have been the same some time, but now bullets seem to be running out?

This is from 2h chart. 140 broke down, what's going to happen next?

Possibly a lot of selling into the weekend dip, followed by a lot of regret when the next whale buy in happens.  Of course it could go either way though.  The longer term trend is definitely upwards, but as we all know past performance often means very little in this game.

it seems that the market is falling on its own weight. and the manipulation to keep the price at 140+ is not very successful

how do you know that there is only one entity manipulating the market?  maybe they are all taking turns with the market?

where do you find me saying that there is only one entity?

[ChartBuddy]

[ChartBuddy]

[desired_username]

chartbuddy pics don't display for me  

On the manipulation topic: get a fu$%^3£ life

[derpinheimer]

chartbuddy pics don't display for me  

On the manipulation topic: get a fu$%^3£ life

Maybe you should check back a few pages where the   reason is given.

[ChartBuddy]

[tarmi]

bitcoin market was always manipulated.

the fact that the market is small and unregulated makes it even easier to manipulate.

[bitcoin carpenter]

I think a smart whale should stop manipulating here and start driving up the price of bitstamp

it would cost very little to drive bitstamp up high enough that money holders would opt to buy out of fort gox for a small loss, and in turn the buying of btc would cause the price to keep rising to where the 10% arb opportunity back into gox would draw more BTC back.
but what do I know.

[tarmi]

I think a smart whale should stop manipulating here and start driving up the price of bitstamp

it would cost very little to drive bitstamp up high enough

actually, it would cost a lot, because they would need to pump in real cash on bitstamp, and not some fake mtgox$ to actually drive the price up.

manipulation was so much easier when mtgox was no 1.

do you remember ddos attacks on mtgox? now mtgox goes offline - nothing happens. big 25 k buys on gox, but no more massive panic buying, etc.

market is maturing.

[JimboToronto]

I think a smart whale should stop manipulating here and start driving up the price of bitstamp

it would cost very little to drive bitstamp up high enough

actually, it would cost a lot, because they would need to pump in real cash on bitstamp, and not some fake mtgox$.

manipulation was so much easier when mtgox was no 1.

do you remember ddos attacks on mtgox? now mtgox goes offline - nothing happens.

Do you really think this push up was bought with "fake mtgox$"? More likely with large fiat deposits expedited by paid manual processing.

While the price spread between MtGox and other exchanges remains, it is Gox that sets the trend and the other exchanges tend to follow, whether minnows (who can't afford manual processing) like it or not.

Also, there aren't enough coins available on the other exchanges to fulfill their hoarding requirements without skewing the price too quickly, which they seem to be avoiding. It's not all about driving up the price. It seems to be more about acquiring a large inventory of coins as cheaply as possible while preventing any price slippage to protect the value of their holdings.

Of course the manipulators will do their manipulation on MtGox.